The fabs are located in Aizu-Wakamatsu, Japan,
about two hours north of Tokyo. TI did not state the price of its purchase, only saying that
the buy allows it to "cost-effectively" increase its production capacity.

The
purchase includes a 200-mm wafer fab currently in operation that is capable of
expanding TI's analog revenue by more than $1 billion annually, as well as a
second non-operating wafer fab for either 200-mm or 300-mm production. TI said
it will continue running the first fab and will preserve the second fab for
future capacity expansion. The company further said it plans to offer
employment to almost all of SJL employees in Aizu.

The
acquisition is the most recent in a series of analog manufacturing expansions
announced by TI over the past 24 months that collectively will add capacity for
more than $3.5 billion of additional analog revenue per year when fully
operational. The expansions have received much praise from financial analysts,
who highlight TI's moves in the burgeoning analog market and its thrifty buys
during the downturn. Most often noted is TI's RFAB, the industry's first 300-mm
analog wafer fab that TI opened
in September 2009 and outfitted with tools it purchased "at an opportune price"
from struggling Qimonda. After reporting positive results for its Q1 in part
based on its analog business, TI in April announced it would double
the Richardson, Texas-based fab's capacity, bringing its
revenue capability to about $2 billion.

"Analog
technology is increasingly important as the vital link between the real world
and digital domain in all electronic applications," said Gregg Lowe,
senior vice president in charge of TI's analog business, in a statement.
"This latest addition of analog capacity will further increase TI's
ability to support our customers' growth, now and in the future."

The SJL purchase
includes 300-mm production tools, many of which will be moved to RFAB. Other 300-mm tools that come with the acquisition in Japan are
not
needed for TI's advanced analog technology processes and will be
re-sold, the
company said. TI already has at least one buyer. UMC today
said it will purchase numerous advanced 300-mm CMOS manufacturing tools
from TI
upon closure of its SJL buy. The foundry did not disclose its purchasing
price.